Iraq Stock Market Closes 2024 Up 45%

(MENAFN- Iraq Business News) Advertising Feature

Rabee Securities Iraq stock exchange (ISX) market report (trading week ending: 2nd January 2025).

Note: ISX will be closed until January 6, 2025, due to the end-of-year closing operations. The first trading session of 2025 will be on January 7.

Please click here to view a table of listed companies and their associated ticker codes.

RSISX index Change
RS ISX Index	Closings	Change (w/w) (%)	Change (2024) (%)
RSISX IQD Index	2,249.5	0.01%	44.8%
RSISX USD Index	2,211.9	0.01%	44.8%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d*	2,765.7	# of Comp. Listed on the ISX / # of Comp. on the OTC Market	104 / 6
Trading Vol. ($ mn)/d*	2.1	# of Traded Companies	47
Traded Shares (mn)/d*	1,400	# of Companies (Up)	16
Total Trades (#/d)*	1,556	# of Companies (Down)	12
ISX Mcap (IQD bn)	22,610	# of Companies (Not changed)	19
ISX Mcap ($ mn)	17,128	# of Comp. Suspended from Trading (GA)	7
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	7

* Including OTC market

** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary

*** Selling price of the dollar by the CBI to the banks

Top 5 Gainers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (2024)
Economy Bank	BEFI	0.320	52.4%	68.4%
Gulf Ins. & Reins.	NGIR	0.600	13.2%	106.9%
Sumer Commercial Bank	BSUC	0.100	11.1%	-23.1%
Mamoura Real-estate Inv.	SMRI	6.750	6.8%	-20.4%
Nat. Chem. & Plastic Ind. (UCM)	INCP	2.320	3.1%	33.3%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (2024)
Baghdad Passengers Transport	SBPT	38.500	-12.5%	126.1%
Investment Bank of Iraq	BIBI	0.370	-11.9%	-14.0%
Iraqi Agricultural Products	AIRP	16.750	-10.7%	-19.9%
Ashur International Bank	BASH	0.300	-9.1%	-28.6%
Iraqi Date Processing & Marketing	IIDP	3.300	-8.3%	108.9%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Bank of Baghdad	BBOB	1,371.7	1,039.2	50.2%
Mamoura Real-estate Inv.	SMRI	298.7	226.3	10.9%
Asiacell Communications PJSC	TASC	227.6	172.4	8.3%
Baghdad Soft Drinks	IBSD	145.1	109.9	5.3%
Baghdad Passengers Transport	SBPT	97.7	74.0	3.6%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1)
Sector	No Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. ('000 $)/w	Share in Total Trading Vol. (%)
Banking	596	1,743.1	1,320.5	63.8%
Services	387	424.4	321.5	15.5%
Telecom	98	237.2	179.7	8.7%
Industry	297	230.7	174.7	8.4%
Agriculture	96	85.8	65.0	3.1%
Hotels&Tourism	15	8.5	6.4	0.3%
Insurance	14	2.5	1.9	0.1%
Investment	0	0.0	0.0	0.0%
Grand Total	1,503	2,732.2	2,069.9	100.0%

(1) Excluding OTC market

Iraq Stock Exchange

The ISX announced on Jan. 2, 2025, that, according to a letter from the Federal Board of Financial Supervision (dated Nov. 5, 2024), regarding the implementation of international standards in Iraq, the experimental implementation of the unified accounting system is set to begin in the first months of 2025. In the second half of 2025, they will evaluate the experience and identify any challenges or issues related to the transition to accounting and financial reporting standards in annual reports. The implementation of the international unified accounting system for the years 2021, 2022, 2023, and 2024 will remain optional if those reports have not yet been issued. Implementation of unified accounting system shall be effective from the beginning of the year 2026 for all state institutions.
Arab Bank Group received the final approval from the Iraqi Central Bank on December 24, 2024, to relaunch its banking operations in Iraq. The bank is set to begin its official activities in the new year. (IraqiNews)
On Thursday, the International Development Bank (BIDB) announced the introduction of an electronic payment mechanism for entertainment services. (INA)
On Sunday, the International Development Bank (BIDB) announced the opening of the bank's 31st branch in the Al-A'amiriya area in Baghdad. (NINA)

Stocks that resumed / will resume trading:

Erbil Bank for Investment & Finance (BERI) resumed trading on Dec. 30 after holding its AGM on Nov. 29 in which they discussed and approved 2023 annual financial statements and electing seven original and seven alternative board members.
Modern Chemical Industries (IMCI) will resume trading on Jan. 7, 2025, after holding its AGM on Dec. 15, 2024, in which they discussed and approved 2023 annual financial statements.
Middle East Producing & Marketing - Fish (AMEF) will resume trading on Jan. 7, 2025, after holding its AGM on Dec. 9, 2024, in which they discussed and approved the ending Mar. 31, 2024, annual financial statements.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Al Ansari Islamic Bank (BANS) starting Dec. 30, 2024, due to the AGM that will be held on Jan. 9, 2025, to discuss and approve 2023 annual financial statements. (Note: ISX adjusted the suspension from the trading date from Jan. 5, 2025, to Dec. 30, 2024.)
ISX will suspend trading of AL- Kindi of Veterinary Vaccines Drugs (IKLV) starting Jan. 20, 2025, due to the AGM that will be held on Jan. 23, 2025, to discuss and approve 2023 annual financial statements and dividend distribution.

The post Iraq Stock Market closes 2024 Up 45% first appeared on Iraq Business News .

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